Powell's statement at Jackson Hole may be more cautious, and the expectation for a rate cut in September still exists

ChainCatcher news, according to Jinshi reports, ANZ economist Shwetha Sunilkumar stated that Powell may not be as straightforward about the reasons for interest rate cuts at the Jackson Hole symposium as he was last year. She pointed out that Powell might hint at the possibility of further easing policies but will not commit to a specific timeline, especially after the stronger-than-expected service and producer price data in July, which has intensified inflation concerns. The bank's baseline expectation still believes that the Federal Reserve will cut interest rates at the September meeting.